Resignation

Resignation. Means voluntary termination by Executive of his employment with the Company and the Subsidiaries, but shall not include Retirement. A resignation triggered by the diminution of Executive's title of President and Chief Executive Officer of the Company or of Beacon Operating or a material diminution in his duties or a reduction in Executive's Base Salary (as defined in the Employment Agreement) or bonus opportunity from Beacon Operating shall not constitute a Resignation but rather a termination... by Beacon Operating without Cause. For purposes hereof, Executive's "bonus opportunity" shall be treated as reduced if (and only if) Beacon Operating breaches its obligations under Section 3(b) of the Employment Agreement. If Executive's employment ends effective as of the expiration of the then current term of the Employment Agreement, and such event occurs because the Company is unwilling to extend the Employment Agreement on its then current terms, this shall be treated as a termination without Cause and not as a Resignation. If Executive's employment ends effective as of the expiration of the then current term of the Employment Agreement, other than in the circumstances described in the preceding sentence, this shall be treated as Resignation and not as a termination without Cause. View More

Resignation. Means voluntary termination by Executive of his employment with Beacon Operating and the Subsidiaries.

Resignation. Means termination by Executive of his employment with the Company or any of the Subsidiaries or successors. 5 "RETIREMENT" means the voluntary termination of Executive's employment with the Company and its Subsidiaries when Executive is at least 65 years old, in accordance with the Company's or any Subsidiary's established retirement policies.

Resignation. Employee's resignation from the Company other than pursuant to Section 5(e) or (g). "Resign" shall have the correlative meaning.

Resignation. Optionee's relinquishment of employment with the Company and all Affiliates.

Resignation. Participant's relinquishment of service as an employee or director with the Company and all Affiliates.

Resignation. Means a Termination of Employment by Employee, other than by reason of death, Disability or Retirement.

Resignation. Optionee's relinquishment of directorship with the Company and all Affiliates

Resignation. Means Optionee's relinquishment of employment with the Company and all Subsidiaries.

Resignation. Shall mean the voluntary termination by the Optionee of his or her employment relationship with the employing Subsidiary and, if applicable, Company under circumstances other than voluntary Retirement.